Oracle FLEXCUBE Direct Banking Released

Oracle Financial Services Software has announced Oracle FLEXCUBE Direct Banking 5.0, an internet and mobile banking application that addresses the direct banking needs of financial institutions ranging from traditional brick-and-mortar and click-and-mortar institutions to direct business entities of banks.

Oracle FLEXCUBE Direct Banking 5.0 supports multiple entities that cater to the multi-country, multi-jurisdiction and multi-business needs of financial institutions. The solution helps enable localisation for each entity including parameterisation for local currency, language, time zones, business calendars, business functionality and the branding of user interfaces. Its multiple entity platform helps financial institutions reduce costs through more efficient utilisation of infrastructure and helps provide greater operational and administrative control. It also enables banks to deliver full transactional services on the mobile phone, including support for browser-based and Java-based application services.

“Oracle FLEXCUBE Direct Banking offers financial institutions the flexibility to deploy and support a uniform customer experience across all service channels including the mobile phone, thereby helping to reduce the infrastructure and operating costs for servicing customers,” said Manmath Kulkarni, Senior VP and Chief Architect, Retail and Internet Banking, Oracle Financial Services Software.

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